SOURCE: Metrospaces, Inc.

Metrospaces, Inc.

May 04, 2017 09:20 ET

Metrospaces Announces First Quarter Record Revenue for Its Subsidiary Etelix.com USA

NEW YORK, NY--(Marketwired - May 4, 2017) - Metrospaces, Inc. (OTC PINK: MSPC) announces revenue of approximately $1.9M for Q1 2017.

Mr. Silva stated: "The Etelix.com acquisition is turning into a much better deal than we anticipated. We have generated $1,893,600 in 1st quarter revenue based on invoice billed services, with positive EBTIDA. Final numbers are still being put together, but Etelix has continued to operate profitably on an EBITDA and Net Income basis, even though the Company is investing heavily in growth. We have been working with Etelix since before the acquisition in helping them structure the business for continued growth. Metrospace has a very active role in Etelix and things are starting to come together synergistically very nicely. This past first quarter we have seen revenue grow from $572,000 in January to approximately $714,000 in March.

About Etelix.com USA, LLC

Etelix.com USA (http://www.etelix.com/) is a Miami-based, FCC-licensed voice, SMS and data/hosting operator. The company's main products and services are international voice wholesale, data and hosting services as well as residential and commercial triple-play provider. The company was founded in 2007 and has been profitable since inception.

About Metrospaces

Metrospaces www.metrospaces.net is a publicly traded real estate investment and Development Company which acquires land, designs, builds, and develops then resells condominiums and Luxury High-End Hotels, principally in urban areas of Latin America. The company's current projects are located in Buenos Aires, Argentina, and Caracas, Venezuela. It is operated by an elite group of real estate professionals and entrepreneurs located around the world. Company shareholders have extensive careers in real estate financing worldwide, and have funded projects both in the America's and across Europe valued in excess of US $550Million.

Six years ago Metrospaces shareholders saw a unique opportunity to participate in several exciting property markets around the world. Through their world-wide network of highly recognized real estate entrepreneurs, the company was able to capitalize on unique real estate development opportunities. Since Inception the company has leveraged those relationships along with extensive financial expertise and transformed excellence by results.

Metrospaces is a boutique real estate development company, a product of the alliance of Metrospace shareholders, along with an elite group of real estate professionals and entrepreneurs located around the world. Company shareholders have extensive careers in real estate financing worldwide, and have funded projects both in the America's and across Europe valued in excess of US $550Million.

Metrospaces' majority shareholders has partnered with Investors on Elite properties including The London BLVGARI 5 Star Hotel, and is currently involved in negotiations for the development of several Elite luxury properties in South America.

Among Metrospace partners are Architects, Real Estate Developers, Agents and Attorneys of the highest standing, with extensive experience in the global property market.

Metrospaces was originally founded by company President Oscar Brito.

Relevant Links:
http://metrospaces.net/

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Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Metrospaces Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

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